Insider Buying: Liberty Global (NASDAQ:LILAK) Director Purchases $1,150,684.48 in Stock

Key Points

• Director John Malone purchased 113,704 Liberty Global shares at an average price of $10.12, investing approximately $1.15 million and increasing his direct ownership by 9.19% to 1.35 million shares.
• Liberty Global’s shares rose 0.5% to $8.47, while the company reported a quarterly loss of $0.13 per share, missing estimates by $0.15, despite revenue of $1.10 billion exceeding expectations.
• Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $8.10; institutional investors own nearly 53% of the company.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 113,704 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the transaction, the director directly owned 1,351,126 shares in the company, valued at $13,673,395.12. This trade represents a 9.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liberty Global Stock Up 0.5%

LILAK traded up $0.04 on Tuesday, hitting $8.47. 1,013,183 shares of the company traded hands, compared to its average volume of 1,122,645. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13. The company has a 50 day moving average of $7.44 and a 200-day moving average of $7.87. The stock has a market capitalization of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Analyst Ratings Changes

LILAK has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 17th. Finally, Citigroup restated a "neutral" rating and issued a $8.00 target price (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $8.10.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP purchased a new position in shares of Liberty Global during the 3rd quarter worth approximately $86,569,000. Sculptor Capital LP purchased a new stake in shares of Liberty Global in the second quarter valued at approximately $3,627,000. Fourth Sail Capital LP grew its holdings in Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock worth $21,602,000 after acquiring an additional 533,221 shares during the period. First Trust Advisors LP grew its holdings in Liberty Global by 253.1% during the fourth quarter. First Trust Advisors LP now owns 678,043 shares of the company's stock worth $5,058,000 after acquiring an additional 486,022 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Liberty Global by 71.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company's stock worth $8,539,000 after acquiring an additional 475,880 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company's core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.

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